Rumor has it that TPG (TPG.US) and Kuroishi (BX.US) will jointly bid for BLCO.US (BLCO.US) for a pre-market increase of more than 10%

The Zhitong Finance App learned that according to people familiar with the matter, private equity firms TPG (TPG.US) and Blackstone (BX.US) are jointly bidding for BLCO.US (BLCO.US). As of press release, the stock had risen 11.86% before the market to $21.78.

The purchase offer for Baechlohn is expected to be between $13 billion and $14 billion, or $25 per share. The formal acquisition offer is expected to be announced by the end of this month.

Several other private equity firms that are considering making offers have exited. As early as September, people familiar with the matter said that private equity firms including Blackstone Group, Advent International, TPG Capital, CVC Capital, and Hellman & Friedman were evaluating possible takeover offers for Bausch & Friedman.

The eye care company is considering a sale to address concerns raised by lenders such as Apollo Global Management (Apollo Global Management) about its plans to separate from parent company Bausch Health. Apollo raised concerns about the divestment plan due to the impact on the parent company's balance sheet.